2406 Roosevelt Rd, Valparaiso, IN 46383

Location. Location Location. This 2-unit multifamily property sits on a generous 1-acre lot near the desirable 5 Point roundabout, offering both income potential and future development opportunities. Both units feature updated floors, fresh paint, and new appliances for modern, move-in-ready appeal. The front unit is a 2-bedroom, 1-bathroom layout, while the rear unit includes 1 bedroom, 1 bathroom, an attached garage, a cozy fireplace, and a private deck. The expansive acreage provides room to explore adding ADUs, or custom builds (subject to zoning approvals).Bonus Opportunity: The owner also owns the adjacent 1-acre parcel (already listed separately), zoned commercial--a rare find in this area--currently generating income with a 1-bed, 1-bath rental. Pair both lots for a strategic investment: combine residential cash flow with commercial potential (retail, office, or mixed-use development). The seller is open to discussions for a combined sale. Schedule a showing to explore this unique dual-lot opportunity.